Montefiore Nyack Hospital

Analysis

Montefiore Nyack Hospital is a registered charity in United States, based in Nyack, NY. It received its IRS tax-exemption ruling in May 1937, 89 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Montefiore Nyack Hospital reported income of $349.0m and spending of $352.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $300.6m to $349.0m (+16%), an average of +3.8% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Montefiore Nyack Hospital sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Texas Health Arlington Memorial Hospital ($348.8m), Yakima Valley Farm Workers Clinic ($349.1m) and National Jewish Health ($348.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $4.3m (1.2% of expenses). Other salaries and wages came to $125.8m. At year end it held assets of $293.0m against liabilities of $197.7m, net assets of $95.4m. It reported 2,326 employees.